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Banking

Govt directs the central bank to expand credit growth target

Gov’t directs the central bank to expand credit growth target

One of the key programmes being promoted is a credit package of VNĐ100 trillion for the agriculture, forestry and fishery sectors.
Banks race to expand payment agents

Banks race to expand payment agents

The payment agent model not only benefits banks and customers but also brings positive impacts to banks'' partners by indirectly providing additional financial services to help diversify the products and services that these retailers provide.
Green finance criteria needed to hit net-zero goal

Green finance criteria needed to hit net-zero goal

The transition from a ‘brown’ to a ‘green’ economy is not an easy task, as to reach the net zero goal by 2050, Việt Nam needs a huge capital of nearly US$360 billion.
Banking industry accelerates towards smart digital ecosystem

Banking industry accelerates towards smart digital ecosystem

The Director of the SBV’s Payment Department, Phạm Anh Tuấn, said that, after four years of implementation, the digital transformation of the banking sector has achieved encouraging results
New regulations on bank asset management companies to be issued

New regulations on bank asset management companies to be issued

According to the SBV, it has finalised a draft circular regulating the activities of subsidiaries and affiliates of credit institutions involved in debt management and asset exploitation, which will shortly be open for public comments.
Banking sector steps up action plan to boost green credit

Banking sector steps up action plan to boost green credit

SBV’s Deputy Governor Đào Minh Tú said: “Green growth is no longer an option, but has become an urgent necessity, especially for developing countries like Việt Nam."
AI helps banks promote Sustainable Development Report

AI helps banks promote Sustainable Development Report

Leveraging AI in producing sustainability information may enhance efficiency, accuracy and also strategic decision making, a banking and finance forum has been told.
Banks need to promote data analysis to minimise financial crime

Banks need to promote data analysis to minimise financial crime

Speaking at the event, the CEO of Lucid Groupe, Tuck Chan, said that, in today’s rapidly evolving regulatory landscape, the challenges of identifying and mitigating financial crime risks are more complex than ever.
Central bank releases draft amended Law on Credit Institutions

Central bank releases draft amended Law on Credit Institutions

Credit institutions are facing potential bad debt risks because Resolution No 42/2017/QH14 has expired.
Banks face difficulties in requiring SOE shareholders to divest

Banks face difficulties in requiring SOE shareholders to divest

According to the current regulations, the share ownership cap by an institutional shareholder in a credit institution is reduced from 15 per cent to 10 per cent and for an individual and his/her related parties from 20 per cent to...
Banks cut staff, transaction branches amid digital promotion

Banks cut staff, transaction branches amid digital promotion

VietinBank will be the first bank in the country’s group of four largest banks (Big4) to cut the number of its transaction branches.
SBV works to ensure 20b preferential credit package is effective and safe

SBV works to ensure $20b preferential credit package is effective and safe

The SBV has been actively developing and refining the mechanism to implement the largest credit package ever, with a total value of up to VNĐ500 trillion.
Banks take cautious strategic approach amid ongoing global challenges

Banks take cautious strategic approach amid ongoing global challenges

Although outstanding loans to US-exporting customers are low, joint-stock banks remain cautious about possible indirect effects from US tariffs on Vietnamese goods, SSI Research says.
Transferred weak banks under restructuring

Transferred weak banks under restructuring

Military Bank and Vietcombank, which took over struggling Oceanbank and CBBank late last year, have begun restoring the weak banks.
Vietnamese banks promote development of global strong brands

Vietnamese banks promote development of global strong brands

The State Bank of Vietnam (SBV) will require Vietnamese banks to develop systematic and long-term brand strategies to establish regional and globally-strong banking brands.